Coronavirus is affecting them. Well have allstar analysis. A warning from the imf this morning, that the world could suffer the worst recession since the Great Depression. One of my favorite economists with her take and more. And Charles Payne in a few moments. This is making money. Cheryl and i believe weve got Charles Payne standing by from his studio. Charles, good afternoon to you, sir . Good afternoon to you, cheryl. I really appreciate you kicking off the show for me. It is a huge show in fact. The white house slightly shifting in fact, just moments ago on the coronavirus policy. Putting much greater emphasis getting economy up and running. Theyre not only ones. A lot of people want to see that happen. President trump putting together a group of advisors to help him do just that. This group will feature cabinet members. There will be outside help. One of them labor secretary Eugene Scalia joins me now. Thanks for joining us. Good to join you, charles. Cheryl lots of anxiety out t
7. 75 . Very much under pressure. Vonnie we do have another headline from the Federal Reserve. It turns out the fed will help liquidity and banks even further. The fed will let banks delay the capital hit from the loanloss accounting rules. Banks can mitigate the capital hits for up to two years. Banks also allow the new tools assessment counterparty risk, and this is all on a statement from the Federal Reserve and the last human its. In the last few minutes. Week, including last weekend of very difficult liquidity conditions, particularly for nonfinancial but also for the banks and major banks. Week, including lastwe are not seeing too much relief in the markets. We are seeing the s p 500 down 3. 5 and the dow off its lows but still down 3. 8 . The nasdaq down 3. 5 . At 65 and avix dollar index that continues to weaken. We had a headline from the imf a few moments ago which suggested that 80 countries, including countries have requested aid. The managing director of the imf does not t
Well, tech is holding up well given it has high multiples coming into this part of the reason tech is the answer to some of the issues particularly working from home, things like krits tricks, zoom, microsoft, amazon, have outperformed it appears this is going to be somewhat of a permanent change theres a spike but even coming out they could benefit we would like to see more breadth within tech. Its been big and focused. Last week was interesting. As we started to get a rally in tech we got a sense for whats going to perform on the other side, services,semis, smaller cap names. We dont think were there yet but looking for infection rates to come down, pmis to improve. The economy is on the mend and then hopefully on the other side steve, its interesting over the past day we see some little moves in this environment that might suggest something. Yesterday microsoft announced changes to office 365, calling it microsoft 365 planning to open up access to teams and features in teams to more
A coronaVirus Outbreak has caused panic of around the world cities are in lockdown stock markets have tumbled on the basics including lost even toilet paper are running out so how should we deal with the anxiety this is inside story. Hello welcome to the program im Maryam Namazie as the corona virus spreads around the world so is the fear and anxiety despite scientists telling people not to panic many countries have suspended schools Public Events and imposed travel restrictions south korea has the 2nd highest number of cases off to china where the outbreak began 2 months ago it suspending a Visa Free Program with japan in response to tokyo imposing quarantine measures on south korean visitors other countries are denying entry altogether to visitors from high risk regions or putting them into quarantine well this goes against the guidelines from the World Health Organization which says these measures are not always effective with a global outbreak is hazing businesses hard as well chin
You. How does iraq. A coronaVirus Outbreak has caused panic of around the world cities are in lockdown stock markets have tumbled on the basics including lost even toilet paper are running out so how should we deal with the anxiety this is inside story. Hello welcome to the program im Maryam Namazie as the corona virus spreads around the world so is the fear and anxiety despite scientists telling people not to panic many countries have suspended schools Public Events and imposed travel restrictions south korea has the 2nd highest number of cases off to china where the outbreak began 2 months ago it suspending a Visa Free Program with japan in response to tokyo imposing quarantine measures on south korean visitors other countries are denying entry altogether to visitors from high risk regions or putting them into quarantine well this goes against guidelines from the World Health Organization which says these measures are not always effective while the global outbreak is hazing businesse